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Bitcoin / U.S.dollar(BTCUSD) Elliott Wave Technical Analysis 21 December 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 21 December 2022,

Bitcoin / U.S.dollar(BTCUSD)

BTCUSDE lliott Wave Technical Analysis

Function: Counter trend

Mode:Corrective

Structure:Zigzag

Position: Wave (B)

Direction Next higher Degrees: wave ((2)) of Motive

Details: Wave retracement ((2)) is usually equal to .618 or .786 x Wave ((1)).

Wave Cancel invalid level:15479

Bitcoin / U.S.dollar(BTCUSD) Trading Strategy: BTC BTC is still under selling pressure as it remains below MA200 and MA50 wave oscillator below Zero-Line Momentum is Bearish, if the price drops below 15479 it will lead to a Diagonal pattern. be extra careful

Bitcoin / U.S. dollar (BTCUSD)Technical Indicators: The price is below the MA200 MA50,indicating a downtrend. The wave oscillators above Zero-Line momentum are bearish

TradingLounge Analyst: Kittiampon Somboonsod

 

1662586762_BTCDay.thumb.png.45ed4b4aa71a4a46ce5703f11e647053.png

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 2 December 2022,

Bitcoin / U.S.dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode:Corrective

Structure:Zigzag

Position: Wave (B)

Direction Next higher Degrees: wave ((2)) of Motive

Details: Wave retracement ((2)) is usually equal to .618 or .786 x Wave ((1)).

Wave Cancel invalid level:15479

Bitcoin / U.S.dollar(BTCUSD) Trading Strategy: BTC BTC is still under selling pressure as it remains below MA200 and MA50 wave oscillator below Zero-Line Momentum is Bearish, if the price drops below 15479 it will lead to a Diagonal pattern. be extra careful

Bitcoin / U.S. dollar (BTCUSD)Technical Indicators: The price is below the MA200 MA50,indicating a downtrend. The wave oscillators above Zero-Line momentum are bearish.

218406103_BTCH4.thumb.png.d92f0a84423cf3989913b9f20d641777.png

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    • With BTC making its exponential highs, a couple new projects are springing up incredibly fast. The narratives popping up right now are gaming and AI projects. Through my research, I found a new gaming project with some good gaming use cases and tokenomics. The project is, flappyMoonbird. It is a web3 game metaverse with a Player vs Player based on a bird themed scope. At this moment, the project’s team has announced 3 games; Racing bird, AI birdnopoly and FlappymoonBird inclusive, these have gameplay and demo released. The game has also incorporated Play2Earn to its framework, while playing users are given latitude to play games casually to earn mystery boxes, and its native $FMB tokens and other prizes. After reading exhaustively about this project, I was on the lookout for where to buy it from. Reliable platforms like bitget have expressed intent to list it through its deposit to list activity. Consequently, by depositing some amount of it ($FMB) on the CEX, the platform will list the token and this will undoubtedly provide the project with further exposure just the same way it has done for some of its popular projects. From my personal experience, projects that are often incubated by the CEX in this manner turnout to perform exceedingly well. Taking a cue from projects like $CSIX and $GRIMACE that went through same procedure, after they got listed, the projects performed quite well and are still performing with very good price action thus far.  On a safer note, if the project doesn’t scale through the listing procedure, all funds can be withdrawn seamlessly. The project looks quite promising and I think with the platforms concerted efforts, it will get listed along with good price action.
    • I'm still holding ZETA,GPT & MANTA . Tho I've taken my initial out, letting the rest to run!
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